AIRC
Apartment Income REIT Corp.
Set alert
39.08 0.00 0.00%
39.08 Day range 39.10
52-week range unavailable
- Open
- 39.09
- Prev close
- 39.08
- Mkt cap
- 5.67B
- Vol
- 12.99M
- Avg vol
- 0
- EPS
- 0.00
- P/E
- 0.00
- Div yield
- 4.61%
More statistics
- Low
- 39.08
- High
- 39.10
- Forward P/E
- 162.83
- Beta
- 0.77
- Short ratio
- 1.94
- Inst. own
- 102.60%
- Dividend
- 1.80
- Ex-div date
- Feb 14, 2024
- Earnings
- Jul 25, 2024
- 50-d avg
- 38.70
- 200-d avg
- 33.88
- 1y target
- 39.06
Key statistics
- Market cap
- 5.67B
- Enterprise value
- 9.18B
- Trailing P/E
- 9.09
- Forward P/E
- 162.83
- PEG ratio
- 0.00
- Price / sales
- 7.38
- Price / book
- 2.49
- EPS (TTM)
- 4.30
- Beta
- 0.77
- Dividend yield
- 4.61%
- Payout ratio
- 41.86%
- Profit margin
- 83.30%
- Revenue (TTM)
- 768.20M
- Revenue growth
- -10.50%
- Free cash flow
- -102.71M
- Total cash
- 103.49M
- Total debt
- 3.35B
- Return on equity
- 28.61%
- Shares outstanding
- 145.10M
- Short % of float
- 6.33%
- 50-day average
- 38.70
- 200-day average
- 33.88
Analyst view
Consensus: hold
Hold
Price target (mean) 39.06 -0.1% downside
Now 39.08
- Target (low)
- 39.00
- Target (mean)
- 39.06
- Target (high)
- 39.12
Next earnings
Jul 25, 2024
Expected Jul 25, 2024. Consensus EPS estimate 0.03.
Financials — quick view
AIRC Revenue — quarterly 195.62M
AIRC Net income — quarterly -6.59M
AIRC EPS — quarterly -0.05
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Jul 25, 2024 | Jun 1, 2024 | 0.59 | — | — | — |
| May 8, 2024 | Mar 1, 2024 | 0.58 | — | — | — |
| Feb 8, 2024 | Dec 1, 2023 | 0.64 | — | — | — |
| Nov 2, 2023 | Sep 1, 2023 | 0.62 | — | — | — |
| Jul 27, 2023 | Jun 1, 2023 | 0.59 | — | — | — |
| May 1, 2023 | Mar 1, 2023 | 0.58 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2, 2023 | Wedbush | init | — | Outperform |
| Sep 25, 2023 | Mizuho | main | Buy | Buy |
| Aug 27, 2023 | Truist Securities | up | Hold | Buy |
| Aug 20, 2023 | JP Morgan | main | Neutral | Neutral |
| Jul 17, 2023 | BMO Capital | up | Market Perform | Outperform |
| Jul 6, 2023 | Truist Securities | main | Hold | Hold |
About Apartment Income REIT Corp.
Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (REIT). AIR's portfolio comprises 76 communities totaling 27,010 apartment homes located in 10 states and the District of Columbia. AIR offers a simple, predictable business model with focus on what we call the AIR Edge, the cumulative result of our focus on resident selection, satisfaction, and retention, as well as relentless innovation in delivering best-in-class property management. The AIR Edge is a durable operating advantage in driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR's platform.
- Sector
- Real Estate
- Industry
- REIT—Residential
- Country
- United States
- Website
- aircommunities.com
News
- AIR Communities' Stockholders Approve Acquisition by Blackstone Real Estate
- AIR Communities Announces Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Stockholders Vote “FOR” Proposed Acquisition by Blackstone Real Estate
- 7 Small-Cap Value Stocks Leaving the S&P 500 in the Dust
- AIR Communities Announces Proxy Advisory Firm ISS Recommends Stockholders Vote “FOR” Proposed Acquisition by Blackstone
- Why I Buy Rental Property REITs Instead Of Rental Properties
- Natixis Advisors L.P. Makes New Investment in Apartment Income REIT Corp. (NYSE:AIRC)
- The State Of REITs: May 2024 Edition
- Apartment Income REIT (NYSE:AIRC) & Phillips Edison & Company, Inc. (NASDAQ:PECO) Head-To-Head Survey
- AIR Communities Named a 2024 Top Workplace in South Florida
- Pocket-Sized Powerhouses: 7 Small-Cap Value Stocks Ready to Roar
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BELDIN PAUL L | Chief Financial Officer | Stock Award(Grant) | Dec 28, 2023 | 65,912 |
| BOHJALIAN THOMAS N | Director | Purchase | Feb 22, 2024 | 20,750 |
| COHN LISA R | President | Stock Award(Grant) | Dec 28, 2023 | 140,140 |
| KELTNER THOMAS L | Director | Stock Award(Grant) | Jan 29, 2024 | 60,118 |
| KIMMEL KEITH M | Officer | Stock Award(Grant) | Mar 14, 2024 | 73,779 |
| MINIX JOSHUA | Officer | Stock Award(Grant) | Dec 28, 2023 | 3,926 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Group Inc | 14.54% | 21,698,081 | 783.08M | Jun 29, 2023 |
| Blackrock Inc. | 11.45% | 17,090,828 | 616.81M | Jun 29, 2023 |
| Cohen & Steers Inc. | 9.58% | 14,301,828 | 516.15M | Jun 29, 2023 |
| JP Morgan Chase & Company | 8.11% | 12,101,876 | 436.76M | Jun 29, 2023 |
| Principal Financial Group, Inc. | 5.98% | 8,918,283 | 321.86M | Jun 29, 2023 |
| State Street Corporation | 5.51% | 8,229,365 | 297.00M | Jun 29, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Specialized-Real Estate Index Fund | 4.21% | 6,281,528 | 216.96M | Jul 30, 2023 |
| Vanguard Total Stock Market Index Fund | 3.16% | 4,719,134 | 170.31M | Jun 29, 2023 |
| iShares Core S&P Midcap ETF | 3.13% | 4,667,016 | 143.28M | Sep 29, 2023 |
| Vanguard Small-Cap Index Fund | 2.58% | 3,849,423 | 138.93M | Jun 29, 2023 |
| Cohen & Steers Real Estate Securities Fund | 2.21% | 3,290,455 | 118.75M | Jun 29, 2023 |
| Principal Real Estate Securities Fund | 2.00% | 2,983,584 | 103.05M | Jul 30, 2023 |